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| TOP PICK | 20.380 | David Driscoll | 20% of their stock price is cash so they don't have to worry about financing. Has 40% of the Chinese market. Well entrenched with a great manufacturing and distribution arm. Also Nokia Siemens has the structure for both 3G and 4G. Above 4% dividend yield. Trading at 6X earnings. | 2008-09-16 | |
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| DON'T BUY | 20.050 | Pat Naccarato | Not a fan of this. A commodity product. Ups and downs are very violent. Too much competition. Would rather own Intel (INTC-Q), which is the dominant franchise. | 2008-09-10 | |
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| PAST TOP PICK | 19.890 | David Burrows | (A Top Pick Sept 18/07. Down 44%.) Got stopped out in the mid-$30's. | 2008-09-08 | |
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| DON'T BUY | 27.320 | John O'Connell, CFA | (Market Call Minute.) Would rather own Research in Motion (RIM-T). | 2008-07-31 | |
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| TOP PICK | 26.010 | Ed Snyder | 3.2% dividend and buying back 5% of their stock a year. A lot of hype on the iPhone will tend to push the stock down but this is really no threat. Throwing off tons of cash, $11 billion last year. In a good position and will get stronger. | 2008-07-11 | |
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| Comment | 27.530 | Duncan Stewart | Industry leader and profitable. Average selling prices a really coming down and if he saw any deceleration in India, China and the developing world is prices would drop faster. Reasonable at this price but he would rather own Research in Motion (RIM-T). | 2008-06-03 | |
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| TOP PICK | 27.900 | David Garrity | Dominant position in global cell phone market. It will be the company that is going to help fulfill the demand that is being created for the higher end product. Selling at about 11X earnings. | 2008-06-02 | |
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| BUY | 28.600 | Norman Levine | Have 40% of the cell phone market and are virtually nonexistent in North America. Dominant in GSM and their biggest domination is in the developing world with the cheaper phones. They continue to gain share. | 2008-05-12 | |
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| BUY | 28.590 | Paul Harris, CFA | Came out with their numbers and the stock fell a fair bit over the last couple of days. If you look at the numbers and take out the one-off (?), they actually met expectations. Much better run company then Motorola (MOT-N). They will continue to grow market share. They expect top line sales growth between 6% and 10%. Throw off a tremendous amount of free cash flow. Good price. | 2008-04-24 | |
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| TOP PICK | 29.170 | David Driscoll | This company and Research in Motion (RIM-T) are leading the way and he likes this because they are paying a nice dividend of 2.7%. A contrarian play. | 2008-04-23 | |
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| SELL | 29.000 | David Burrows | Stock dropped 14% in one day. Street is expecting a significant slowdown in revenues and handset sales and a steady decrease in expectation of earnings. | 2008-04-18 | |
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| BUY | 37.940 | Norman Levine | Going gangbusters. Stealing market share from everybody. Also getting into the services business, so are becoming a software business as well as a hardware business. | 2007-11-09 | |
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| TOP PICK | 37.280 | Norman Levine | Continue to gain market share in handsets, especially in the developing world. Trying to be not only a hardware provider, but a servicer with GPS, maps, iTunes, etc. | 2007-10-02 | |
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| TOP PICK | 35.940 | David Burrows | Has 37% of world’s handset market. Gaining market share around the world. Absolute leader in space. Beneficiary of weaker U.S dollar. | 2007-09-19 | |
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| WEAK BUY | 36.580 | Mark Grammer | More on handset side than networking side. Seen demands for handsets, if your interested in sector this is a buy. Well run company. | 2007-09-19 | |
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| BUY | 29.730 | Norman Levine | Doing extremely well. They are on GSM (Global Systems Mobile), rather than North America’s CDMA. | 2007-07-18 | |
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| STRONG BUY | 27.670 | Charles Lannon | Caller asked about Motorola and he started talking about NOKIA. (really pushing it).
| 2007-06-07 | |
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| TOP PICK | 27.040 | Norman Levine | Prefaced his Top Picks stating, “It is not a cheap market”. Continuously gaining market share especially in the developing world, mostly at Motorola's (MOT-N) expense. | 2007-05-18 | |
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| TOP PICK | 25.330 | Norman Levine | One of its major competitors, Motorola (MOT-N) is in a downward spiral with no sign of turning around yet. Likes the business they are in for the developing world. | 2007-05-01 | |
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| BUY | 25.250 | Peter Hofstra | Large market share in India and China. If you want to benefit from the wireless growth, this is probably the best way to play it. Price is OK if you are in for a long-term play. | 2007-04-30 | |
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| PAST TOP PICK | 22.420 | Norman Levine | (A Top Pick April 4/06. Up 7.9%.) Its market share is growing in the developing world. Still likes. | 2007-03-28 | |
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| DON'T BUY | 20.320 | Gavin Graham | Motorola (MOT-N), Nokia (NOK-N) and Ericsson (ERIC-Q) are suffering from a glut of cell phones. Too much competition and margins are low. Most of the money is coming from emerging markets, which are cheap bottom end phones. | 2006-12-07 | |
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| BUY | 20.460 | Norman Levine | Favourite way of playing cell phone market. Strongly gaining market share, especially in 3rd world countries, where pricing is low, but volume and expectation of growth of volume is quite high. | 2006-12-05 | |
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| PAST TOP PICK | 20.460 | David Driscoll | (A Top Pick Jan 18/06. Up 9%.) 2% dividend yield. Still likes. | 2006-12-05 | |
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| DON'T BUY | 20.870 | Alex Ruus | Would not own any of the handset providers. Prefers the service providers. | 2006-11-22 | |
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| BUY | 19.500 | David Driscoll | Dividend of about 2.25%. Valuation is about $30-$35, but doubts it will get there this year, maybe 5. No debt and strong cash flow. Distribution and marketing channels are 2nd to none. | 2006-11-09 | |
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| HOLD | 19.500 | Ian Ainsworth | Has basically been at the low end of the handset business. Cheap. New products will be coming out which could give it a boost. | 2006-11-09 | |
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| BUY | 19.880 | Norman Levine | After going a few years of losing market share, it is now starting to gain market share, especially in developing countries. To do that, they have had to cut prices that have cut margins. Feels they have a good strategy. | 2006-10-31 | |
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| BUY on WEAKNESS | 19.920 | Peter Hofstra | Probably fair value. In the gets much lower, go in big. | 2006-10-30 | |
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| BUY | 19.390 | David Driscoll | Has slowed down the last quarter. They are suffering on the style side. Started selling low margin product in India and China as loss leaders so clients would upgrade to the higher margins. Demand is going to continue to rise. Yields 2.4%. No debt. | 2006-10-20 | |
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| BUY | 19.710 | Paul Harris, CFA | Prefers this to Motorola (MOT-N). Cheaper and has a better potential over the long term. | 2006-10-04 | |
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| DON'T BUY | 19.690 | John O'Connell, CFA | Cellular phones is a growing market, but they have become a fashion item and the price is getting very low. | 2006-10-03 | |
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| BUY | 20.990 | David Burrows | Very well managed company. An absolute dominator in their industry, both on the equipment and the handset side. Problem right now is that technology is having some heavy sledding. Heading into a difficult time seasonally. If you want to own one in this group this is a good candidate. | 2006-08-23 | |
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| BUY | 21.290 | David Driscoll | Have been selling their cheap handsets in India and China and demand for the higher end is now starting to increase. | 2006-08-17 | |
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| BUY | 21.380 | David Driscoll | The #1 cell phone company in the world. 2% dividend. There is continued good growth. Gaining market share and new products are rolling out. Emerging markets are buying cell phones rather than using landlines. | 2006-05-25 | |
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| WEAK BUY | 22.660 | Mark Grammer | Came out with very strong earnings. They are capturing back the market share they had lost. Profit margins are going up. Very well positioned in 3rd generation telephony. From a long-term point of view, prefers Ericsson (ERICY-N) which is more on the networking side rather than the handset side. | 2006-04-25 | |
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| DON'T BUY | 21.550 | David Baskin | Industry is good, but in some ways, that is bad for this company. Globally the cellphone/device industry is strong and growing. It has attracted some very smart competitors into the game, which makes it hard to keep the margins up. | 2006-04-18 | |
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| TOP PICK | 20.780 | Norman Levine | There is a lot more potential upside. Growth rate for the whole business is accelerating. They are gaining market share. They are a major player in infrastructure. | 2006-04-04 | |
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| BUY | 20.080 | David Chapman | Since 2002, the stock has been forming a big floor at about $16/17. It has had a steady rise since 2004. Make sure that the 2005 low is never taken out. It won't be an exciting play, but the longer term chart seems to indicate a huge base is being built and could take off after this is finished. | 2006-03-28 | |
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| BUY | 18.900 | David Driscoll | Past pick, but it hasn't moved much. However he still likes it, and expects it to go up to 30. | 2006-02-23 | |
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| TOP PICK | 18.360 | David Driscoll | This company has growth in the emerging markets. Instead of having to wait for landlines for phones, people in emerging markets can go out and buy cell phones at much cheaper prices. Has no debt and a lot of cash. They have the distribution arm and the manufacturing arm which gives them higher margins then their competition. They are gaining back market share in a huge way. | 2006-01-18 | |
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| BUY on WEAKNESS | 15.740 | Peter Hofstra | Approaching fair value. In a tough business, but they are the biggest by far. Likes them as a long term play, but the business can swing around quarter to quarter. Do a great job in the emerging markets. You need a tough stomache for this one. | 2005-08-22 | |
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| BUY | 16.200 | David Driscoll | Margins are very good. | 2005-08-03 | |
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| HOLD | 18.030 | Jonathen Wellum, B. Comm, B. Sc | Likes to Buy it when it gets hit. A little high for Buying today for them. | 2005-07-19 | |
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| PAST TOP PICK | 17.640 | Norman Levine | (A Top Pick May 17/05. Up 1.3%.) | 2005-07-12 | |
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| DON'T BUY | 17.500 | David Baskin | A good company, but not necessarily a good stock. They make a great product and they keep innovating, but their competitors do to. A very competitive market and the margins are getting ground down. | 2005-07-11 | |
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| TOP PICK | 17.270 | Norman Levine | Sells at a reasonable multiple. Has about a 2.7% yield. Investors haven't caught on yet that it has had 3 positive quarters in a row and has beaten the street. Market share in phones has reversed and is going up. Has 13/14 billion Euros in cash on its balance sheet. | 2005-05-17 | |
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| BUY | 16.920 | Larry Berman CFA, CMT, CTA | Has an interesting technical pattern right now. Recently came up to a high of $17 area and so has some natural resistance there. Finding support around the 200 day moving average. Think it resolves to the upside over the next couple of months. The most optomistic upside would be to $20. Use a stop at it's recent low of about $14.50 | 2005-05-11 | |
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| BUY | 16.160 | Mark Grammer | Just came out with their numbers and they very strong, much better than expectations. Has turned the corner after missing the trend on flip phones. Strong balance sheet. The network side of the business is growing very strongly. They are #2 after Ericsson (ERICY-Q). | 2005-04-27 | |
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| BUY | 15.260 | Peter Hofstra | Twice as large as their nearest competitor which has allowed them to do extremely well in the emerging market. Dominating China and doing very well in S. America and doing well in Africa and making a lot of money. Profit margins have come down, but noone gets component pricing like them. | 2005-04-19 | |
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| TOP PICK | 16.160 | Norman Levine | Their latest product offering has been well received, so they are once again gaining market share. Have a lot of proprietary technology in 3G wireless (the next generation of wireless) which puts them in a very enviable position as other cell phone companies will have to buy that technology from them reducing their costs. | 2005-03-16 | |
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| PAST TOP PICK | 15.980 | Norman Levine | (A Top Pick Nov 29/04. Down 2%.) Took a drop, but is now coming back. Has tons of cash. A great infrastucture business. Earnings are improving. | 2005-02-23 | |
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| BUY | 15.760 | Peter Hofstra | Lowest cost provider in the wireless market. The biggest player and they benefit from that scale. Doing very well in China, Latin America and India. Had a good run recently. They bought around $12/14 and would be a buyer up to about $17 or so. | 2005-02-21 | |
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| DON'T BUY | 13.920 | Paul Harris, CFA | Great company, but management doesn't realize that their cell-phones are a commodity, and so constantly miss their numbers. Huge amount of competition, so there are margin pressures. Networks is only a small part of their business. lots of cash. | 2005-01-24 | |
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| DON'T BUY | 14.100 | Ian Ainsworth | Cell phone industry is maturing which you can see through the market share swings between the different manufacturers. Pretty aggressive in addressing their product line problems from last year. Have been able to gain market share in China. Inventories are becoming really flush, so will probably see growth slow down. | 2005-01-20 | |
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| BUY | 15.040 | Glenn Paradis, BA, CFA | Had some products issues in that they didn't have the flashy product that their competitors had. Have revamped and should see a lot of new products coming out. Margins should increase. | 2005-01-13 | |
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| WEAK BUY | 15.760 | Gavin Graham | Has been pretty disappointing. Still a world leading company. Their competition has made very good comebacks at their expense. Very good margins. | 2004-12-30 | |
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| DON'T BUY | 15.170 | David Baskin | Had failed to keep up technologically in a very rapidly changing industry. Doesn't feel that anyone's going to get really rich manufacturing cell phones any more. Margins are being driven down. | 2004-12-16 | |
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| SELL | 15.170 | Paul Harris, CFA | A great company, but it's going through a real flux with the industry. Product price is being commoditized. A lot of senior management are leaving. | 2004-12-16 | |
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| DON'T BUY | 15.920 | David Baskin | There's no question that the cellular phone boom is real, dynamic and global, but it's also unbelievably competitive. The market share that they've lost is going to be very hard to get back. Margins are going to be under relentless pressure. | 2004-12-09 | |
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| PAST TOP PICK | 16.120 | David Driscoll | (A Top Pick June 8/04. Up 14%.) | 2004-12-08 | |
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| BUY | 16.210 | Mark Jackson, CFA | After a couple of stumbles is looking fairly attractive from a valuation perspective. There is a continued global demand for wireless product and Nokia is right in the middle. There are still opportunities for the company to do well. | 2004-12-07 | |
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| TOP PICK | 16.370 | Francis Gannon | Likes high growth companies that are still relatively cheap. Will continue to gain market share. Has some wonderful new products coming out. | 2004-12-03 | |
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| TOP PICK | 16.450 | Norman Levine | Haven't been a fan in the past, but its market share slide has stopped and has started to reverse. Very financially secure. | 2004-11-29 | |
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| BUY | 16.450 | John Sinkins, CFA | Has launched a major comeback. Had missed their earnings for several quarters and turned themselves into a lower cost producer. Would be cautious. | 2004-11-29 | |
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| TOP PICK | 16.210 | Norman Levine | Feels their handset business has bottomed and is starting to turn up. Coming out with good products that consumers are buying. Very financially healthy with gobs of money. | 2004-11-23 | |
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| DON'T BUY | 16.630 | Duncan Stewart | Prefers Ericsson. | 2004-11-12 | |
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| TOP PICK | 16.630 | Francis Gannon | A cheap stock. Got hurt earlier in the year, but has great fundamentals. Introducing new products. Will spend less money on R&D next year, so earnings will grow more. | 2004-11-12 | |
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| BUY | 15.790 | Ray Steele | Likes the wireless stocks. Outlook for the group is positive. Near the bottom of its range and the earnings outlook is starting to improve. | 2004-11-03 | |
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| DON'T BUY | 15.090 | Norman Levine | Momentum is not in their favour. The last ones to come out with a flip phone. | 2004-10-21 | |
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| WEAK BUY | 14.930 | Ian Ainsworth | Looks very cheap based on earnings. Not overly keen on the handset market. | 2004-10-19 | |
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| BUY | 14.720 | David Driscoll | Sales have dropped, but regaining market share by dropping prices. On 18% margin they have lots of room versus their peers. 3% yield. | 2004-10-15 | |
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| DON'T BUY | 14.360 | Don Reed | A very fine company. Coming out with far too many models and the competition is hot and heavy at the low end of the market, especially in Asia. Would prefer to play cellulars through Samsung Electronics. | 2004-10-05 | |
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| WEAK BUY | 12.710 | Andrew McCreath | Lost market share earlier this year. Starting to gain some market share back. Talking about hiking their dividends. We'll continue to be tough going. OK as a long-term buy. | 2004-09-08 | |
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| DON'T BUY | 11.690 | Ron Meisels | Stock is below its 200 day moving average. Trying to find a base. | 2004-08-24 | |
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| WAIT | 11.780 | Reza Samahin | Making steps to new product line. Might want to buy in fourth quarter | 2004-08-19 | |
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| SELL | 11.550 | Ross Healy | This company is selling into a market that is awash with supply. | 2004-08-16 | |
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| WAIT | 11.160 | Brad Willock | Their market share in cell phones has been collapsing. Down from 35% to the low 30's. The valuation is a very interesting. Probably will be under pressure for a few more months. | 2004-08-13 | |
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| DON'T BUY | 11.030 | Gavin Graham | Management seems to be perennially optimistic about handset sales. A good company and they will turn it around but it may go lower because of people who overbought, selling. | 2004-08-12 | |
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| HOLD | 11.440 | John Sinkins, CFA | An inexpensive stock now. Has had problems competing with companies like Motorola and Ericsson. Has had to cut prices on inventory which is cut into profits. | 2004-07-28 | |
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| DON'T BUY | 11.720 | Ian Nakamoto | Not that much of a fan of this stock at this time. Seemed to have missed a couple of product launches and lost some market share. Longer term, it has an excellent track record. | 2004-07-27 | |
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| DON'T BUY | 12.080 | Norman Levine | Still too early to buy this stock. Market has gravitated towards competitions' cell phones. Have a tough slog ahead of them. | 2004-07-19 | |
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| STRONG BUY | 12.450 | David Driscoll | Valuation, growing at GDP is $18 to $25. They had to reduce margins to get their market share back. The demand will be strong in emerging markets. | 2004-07-15 | |
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| WEAK BUY | 14.310 | Ian Ainsworth | Got hit when they lost market share in the first quarter, not having a good midrange cellphone. Have cut prices and there is evidence that they are beginning to market share. Well-managed company. | 2004-07-13 | |
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| WAIT | 14.250 | Steve Gold | China is the key to this stock. Share price has taken a bit of a hit, but don't underestimate them. Shorter-term, will probably be volatile. | 2004-07-07 | |
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| BUY on WEAKNESS | 14.130 | Paul O'Neil | At this level, the valuation is more reasonable. Cell phone sector is a very competitive space. Have a phenomenal balance sheet. $3 a share in cash. Look at it as a value play. Buy at $12/13 for a long-term hold. | 2004-06-24 | |
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| WEAK BUY | 14.130 | Reza Samahin | Has been struggling lately. The issue is, do they have a product strategy that is viable. Response has been underwhelming on their new products. OK 6/12 months out. | 2004-06-24 | |
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| WATCH | 12.240 | Brad Willock | An ADR. Come down a fair ways, a lot of conroversy around company. Prefers Motorola | 2004-06-11 | |
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| TOP PICK | 14.330 | David Driscoll | Although market share has gone down, sales have gone up. Three dollars a share in cash and no debt. Margins are 18% versus 8% at Motorola. In a price war, they should come out ahead. | 2004-06-08 | |
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| WAIT | 13.080 | Norman Levine | Have been losing market share. Guidance is still not looking good. Wait for things to stabilize. | 2004-05-17 | |
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| DON'T BUY | 13.880 | Ian Nakamoto | They seemed to have missed the boat on the clamshell phones. Expect they will come back, but it will cost them margins. | 2004-05-07 | |
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| DON'T BUY | 13.880 | Reza Samahin | Has had a big pullback on its market share. It will eventually turn around, but it could be quite a while before they come out with a new product line. | 2004-05-07 | |
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| BUY | 14.150 | John Zechner | There are two parts, the handset and the infrastructure of the wireless business. The latter, they are doing very well on. Losing some market share on the handsets. Longer term, the story should be fine. | 2004-05-06 | |
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| BUY | 15.110 | Glenn Paradis, BA, CFA | Starting to look interesting. Has had a pretty significant fall due to a lack of product offering and margins have been weak. The wireless sector will continue to be a big growing area. No near-term big moves but the price is good. | 2004-04-22 | |
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| BUY | 15.110 | John Zechner | Wireless infrastructure is a very good story. Losing a little business now to Motorola. A good long-term story. | 2004-04-22 | |
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| BUY | 14.970 | Ian Ainsworth | Disappointed in the last quarter so, a good time to buy. Have new products coming out to win back their share of the midmarket in the cell phone sector. | 2004-04-20 | |
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| WEAK BUY | 17.100 | Howard Sutton | Reported disappointing results on the back of disappointing handset sales. Margins are dropping. Risk/reward is OK, but you have to be patient. | 2004-04-08 | |
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| WAIT | 16.920 | Norman Levine | Stock has taken a knock due to the recent class-action suit. This market is exceedingly competitive. Wait for new products to start flowing. | 2004-04-07 | |
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| BUY | 20.020 | Paul O'Neil | Great company. There's a bit of a headwind because of currency changes. Reasonably priced. | 2004-03-19 | |
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| BUY | 22.120 | Brad Willock | Excellent company. Very popular phones. Doing good business. Leader. | 2004-02-10 | |
Experts that have talked about Nokia
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